The price action on Proofpoint is looking bearish.
Let's inspect the charts and indicators.
OKTA is becoming unique -- a stock still in an uptrend.
Bitcoin Cash essentially beefs up Bitcoins' blockchain-size and transactional speed, which matters a lot to digital currency users.
Besides the strong results and short-term guidance, Palo Alto is building its cloud portfolio via M&A.
As Palo Alto Networks continues to execute well, taking full advantage of its market leadership position and liquidity to drive top-line growth both organically and inorganically, the stock may be a GARP play worth considering at de-risked levels.
The company also provided current quarter revenue guidance ahead of expectations.
Analysts polled by FactSet are expecting earnings of $1.25 per share from the cybersecurity provider.